Shares trading on the Nigerian Exchange Limited (NGX) was negative on Wednesday as the local exchange’s benchmark index fell slightly at the end of operations.

In particular, the All Share Index was settled at 49,691.17 basis points compared to the previous close of 49,709.46 basis points, to fix both the month-to-date and year-to-date performance of the All-Share Index at -1.35 percent and 16.33 percent from their previous close of -1.31 percent and 16.37 percent, respectively.

Investors therefore lost N10 billion of their investment as the market cap followed the direction of the ASI and ended up at N26,802 trillion, representing a 0.04 percent drop from the N26.812 trillion at the end of the previous year. trading session.

Bears maintained their dominance across the market width with 16 counters in the losers chart versus 10 counters in the gainers chart.

On the performance board, Prestige gained 9.09 percent to become the top-performing stock of the day, flanked by Sovereign Insurance, Unity Bank and Academy, filling out the top five winners. From the back of the chart, Courville, SCOA, Sky Aviation, Regal Insurance and Honeywell Flour Mills filled in the top five losers.

Major sector indices closed in the same direction as ASI, with the exception of NGX Insurance and NGX Lotus Islam sectors which gained weight, while NGX Industry, NGX Growth and NGX ASEM sectors closed flat.

Market activity as measured by trading volume lost during the session, with daily volume traded of 128.786 million units, representing a decline of 36.92 percent from a volume of 204.163 million units traded in the previous session .

In contrast, the value of those traded shares rose 151.45 percent in the session to reach N4.124 billion, against a value of N1.640 billion recorded in the previous trading session.
FBN Holdings dominated the volume charts as the top-traded stocks by volume for the trading session, followed by Zenith Bank, United Bank for Africa, Cornerstone Insurance and Union Bank of Nigeria to complete the list of the five most-traded stocks by volume.

In terms of the value of the shares traded, Nestle Nigeria took the lead among the top five performers. It is flanked by Zenith Bank, FBN Holdings, MTN Nigeria and Guaranty Trust Holding Company.

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